Hyundai to Invest $740 Million
To Increase Production in China

By

Seon-Jin Cha Dow Jones Newswires

Updated June 16, 2004 12:01 a.m. ET

SEOUL, South Korea -- Hyundai Motor Co., South Korea's largest car maker, Tuesday said that by 2007 it plans to invest an additional $740 million in its auto-making joint venture in China to boost production capacity.

The venture, Beijing Hyundai Motor, will build a second plant in China that can produce as many as 300,000 units a year by 2007, according to an official with Hyundai Motor's investor-relations team in Seoul....